I know I will be jumped on, but this is a classic situation for an opportunistic takeover of YOW.
I have read over and over that predatory takeover specialists are attracted to targets with specific characterisitcs:
- poorly performing SP ------> witness daily new 52 wk lows
- sound underlying business ----> sales increasing 85% -90%, and b/even looming
- upheaval of Board and /or mgt ---> no articulated refresh, or plan
- vacuum at board level ----> no replacement Chairman or new director
- board dominated by Exec directors ----> need non-execs and independence
- perceived poor performance of board and/or mgt ---> even bigger s/h complaining
- the ability to turn the financials around, cut costs and waste ---> salaries and admin
- the ability for predator to install own Directors and review mgt
plenty of examples.
just look at Bellamys - drop in sales/np etc. board sacks M/D, vacuum, big s/h launches spill.
low SP, vacuum at Board level, poor perception in ASX, business sound with real growth potential, plenty of cash !! , opportunity to cut waste and costs, opportunity push real growth in products and geographical regions etc etc.
wide open Register (FIL would bail out if they can make money ! that's their business)
a sitting duck
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Classic target
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.881M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 166870 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 48543 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 166870 | 0.029 |
1 | 35749 | 0.028 |
1 | 100000 | 0.027 |
2 | 100000 | 0.024 |
1 | 43491 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 48543 | 1 |
0.032 | 217402 | 1 |
0.033 | 19748 | 1 |
0.034 | 10843 | 1 |
0.035 | 1615049 | 2 |
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